The Implications of the US Inflation Reduction Act on the Energy Policy Landscape and African Investment
Article from: OGEL 4 (2024), in Energy Transition
Abstract
Through the Inflation Reduction Act, the USA has made various regulatory and economic incentives such as tax credits, grants, loans, and federal funding that is expected to assist the USA in reaching the economy-wide net-zero target by 2050. The accelerated pace of the transition is causing a spike in demand for critical minerals such as copper and lithium which are necessary to develop energy transition technologies such as batteries and electrification networks. This article analyses the implications of the critical minerals sourcing requirements in resource-rich Sub-Saharan African ...
